Clear Secure, Inc. reported significant financial growth in its latest quarterly results, with revenue reaching $253 million for the three months ended March 31, 2026, a 20% increase from $211 million in the same period last year. The company attributed this growth primarily to a 13% rise in Active CLEAR+ Members and price increases for its subscription services. Operating income also saw a substantial increase, rising 66% to $62 million compared to $37 million in the prior year, while net income grew by 46% to $56 million from $39 million.
The company's balance sheet reflects a strong financial position, with total assets increasing to $1.42 billion as of March 31, 2026, up from $1.30 billion at the end of 2025. Cash and cash equivalents more than doubled to $170.7 million, while marketable securities rose to $629.4 million. Total liabilities also increased to $1.21 billion, primarily due to a rise in accrued liabilities and deferred revenue, which reached $554.9 million, indicating a growing customer base and future revenue potential.
Operationally, Clear Secure reported a 31% increase in Total CLEAR Members, reaching approximately 40,986 as of March 31, 2026, compared to 31,215 a year earlier. The company continues to expand its offerings, including its CLEAR+ subscription service, which provides expedited airport security access. The company has also renewed its partnership with American Express, enhancing its marketing reach and customer acquisition efforts. Additionally, Clear Secure has been actively repurchasing shares, having bought back 39,901 shares of Class A Common Stock during the quarter.
Looking ahead, Clear Secure remains focused on expanding its member base and enhancing its service offerings. The company plans to continue investing in technology and partnerships to drive growth. Management expressed confidence in the company's ability to maintain strong unit economics and member retention rates, despite potential challenges from external factors such as changes in travel patterns and regulatory environments. The company expects to leverage its existing cash reserves and marketable securities to support ongoing operations and strategic initiatives.
About Clear Secure, Inc.
Clear Secure, Inc. specializes in secure identity solutions for travel, healthcare, financial services, and other sectors. Its core offerings include the CLEAR Plus subscription for frictionless airport security, TSA PreCheck enrollment, and a digital identity platform for partners. The company leverages biometric technology, a vast physical network, and a scalable platform to deliver trusted, efficient, and secure experiences for consumers and partners worldwide.
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